Nacl Industries Ltd · NSE:NACLIND
Nacl Industries — Q4 FY2023 Earnings Presentation
47 slides from Nacl Industries's earnings presentation, Jun 15, 2023
Slide 1: Stock exchange cover letter for investor presentation
A NA.GARJUNA NACL NACL Industries Limited Ref: NACL/SE/2023-24 June 15, 2023 1) BSE Limited 2) National Stock Exchange of India Ltd Phiroze Jeejeebhoy Towers Exchange Plaza, 5 th Floor, Plot No.Cf 1 Dalal Street, Fort, G Block, Bandra -Kurla Complex Mumbai - 400001 Bandra (E), Mumbai-400051 Stock Co
Slide 2: Investor Presentation Q4 & FY 23
1 NACL Industries Limited ////// Investor Presentation Q4 & FY 23
Slide 3: Forward Looking Statement
Forward Looking Statement This presentation may include statements, which may constitute forward-looking statements. All statements that address expectations or projections about the future, including, but not limited to, statements about the strategy for growth, business development, market positio
Slide 4: Operational Highlights
• -------- ' , , .... \ \ \ \ I OPERATIONAL HIGHLIGHTS ••••• • • • • •• • • • • • •• • • • • •••••••• . • • • • .·. ··.•~-~- . . . •••••••••• •••••••••••••••••• .. • • • • • • •• •• •• •• • • • • • •••••••••••••••••• • • • • • •••••••••••••• ••••••••••••••• • • • • •• •• • • • • •• • •• • •• • •• •
Slide 5: Scaling New Heights FY-2023
Highest ever Sales Revenue (for 4th consecutive year) ₹ 2,129 Crs Scaling New Highest ever EBITDA ₹ 208 Crs Heights FY-2023 Highest ever Profit After Tax (PAT) ₹ 103 Crs 25,165 MT/KL 0 0 00 - 4
Slide 6: Operational Highlights – Q4FY23
Operational Highlights – Q4FY23 • Total income for the Quarter ended March 31, 2023, stood at Rs. 600.07 Cr, registering a YOY growth of 27%, and the Total income for the year ended March 31, 2023, stood at Rs. 2,128.55 Cr, registering a YoY growth of 30% • Exports contributed 36% of the total reven
Slide 7: Results Summary
• -------- ' , , .... \ \ \ \ I RESULTS SUMMARY ••••• • • • • •• • • • • • •• • • • • •••••••• . • • • • .·. ··.•~-~- . . . •••••••••• •••••••••••••••••• .. • • • • • • •• •• •• •• • • • • • •••••••••••••••••• • • • • • •••••••••••••• ••••••••••••••• • • • • •• •• • • • • •• • •• • •• • •• • •• • ••
Slide 8: Result Summary – Q4FY23
Result Summary – Q4FY23 (In ₹ lakhs) Revenue EBITDA* PAT 60,007 7,306 4,165 47,364 4,277 2,102 27% 71% 98% Q4FY22 Q4FY23 Q4FY22 Q4FY23 Q4FY22 Q4FY23 ,---------------------------------------, I • Growth in sales realization enabled • Despite cost pressure, profit has • Strong revenue growth aided by
Slide 9: Result Summary – Q4FY23
Result Summary – Q4FY23 (In ₹ lakhs) Revenue Breakup Insecticides 44 % Herbicides (10) % Q4FY23 Q4FY22 Q4FY23 Q4FY22 28,827 20,007 6,571 7,329 Fungicides 21 % Plant Growth Regulators 139 % Q4FY23 Q4FY22 Q4FY23 Q4FY22 21,719 18,020 2,186 916 8 Investor Presentation
Slide 10: Revenue Split – Q4FY23
Revenue Split – Q4FY23 (In ₹ lakhs) Q4FY23 Q4FY22 Product Category-wise (%) Product Category-wise (%) Formulation Technical Formulation Technical 2% 5% 3% 1% 18% 19% 26% 29% 14% 16% 62% 57% 66% 7% 59% 16% ■ Insecticides ■ Herbicides ■ Fungicides ■ Plant Growth Regulators & others ■ Insecticides ■ He
Slide 11: Revenue Split – Q4FY23
Revenue Split – Q4FY23 (In ₹ lakhs) Q4FY23 Geographical Revenue Split (₹ lakhs) Q4FY22 Geographical Revenue Split (₹ lakhs) 40, 000 37,882 35, 000 28,820 15% 35, 000 18% 30, 000 30, 000 25, 000 1% 3% 6% 21,188 18,467 Exports 25, 000 Exports 20, 000 20, 000 13% 15, 000 12% 15, 000 0% 66% 66% 10, 000
Slide 12: Result Summary – FY23
Result Summary – FY23 (In ₹ lakhs) Revenue EBITDA* PAT 2,12,855 20,777 10,279 1,64,975 15,725 7,604 29 % 32 % 35 % FY22 FY23 FY22 FY23 FY22 FY23 Insecticides Insecticides FY23 xx% 22 % FY22 • Herbicides Herbicides FY23 FY22 xx% • 22 % Fungicides Fungicides FY23 xx% 39 % FY22 • Plant Growth Regulator
Slide 13: Revenue Split – FY23
Revenue Split – FY23 (In ₹lakhs) FY23 Product Category-wise (%) FY22 Product Category-wise (%) Formulation Technical Formulation Technical 3% 1% 3% 2% 21% 28% 21% 28% 57% 56% 57% 55% 19% 19% 15% 15% ■ Insecticides ■ Herbicides ■ Fungicides ■ Plant Growth Regulators & others ■ Insecticides ■ Herbicid
Slide 14: Profit and Loss – Q4FY23 (Standalone)
Profit and Loss – Q4FY23 (Standalone) Particulars (₹ in lakhs) Q4 FY23 Q4 FY22 Y-o-Y FY23 FY22 Y-o-Y Revenue from Operations (Net of Excise) Other Income 59,671 336 47,090 274 • 27% 211,600 1,255 163,335 1,640 • 30% Total Income Cost of materials consumed 60,007 44,496 47,364 37,330 • 27% 212,855 15
Slide 15: Profit and Loss – Q4FY23 (Consolidated)
Profit and Loss – Q4FY23 (Consolidated) Particulars (₹ in lakhs) Q4 FY23 Q4 FY22 Y-o-Y FY23 FY22 Y-o-Y Revenue from Operations (Net of Excise) 59,870 47090 27% 2,11,551 1,63,335 30% Other Income 378 161 999 1,342 Total Income 60,248 47,251 28% 2,12,550 1,64,677 29% Cost of materials consumed 44,701
Slide 16: Balance Sheet (1/2)
Balance Sheet (1/2) Standalone Consolidated Particulars (₹ in lakhs) FY 23 FY 22 FY 23 FY 22 ASSETS Non-current assets (a) Property, plant and equipment 20,760 20,354 36,924 20,381 (b) Right-to-use assets 286 461 3,125 3,331 (c) Capital work-in-progress 2,417 955 5,526 10,456 (d) Intangible assets 1
Slide 17: Balance Sheet (2/2)
Balance Sheet (2/2) Standalone Consolidated Particulars FY 23 FY 22 FY 23 FY 22 EQUITY AND LIABILITIES Equity (a) Equity share capital 1,988 1,983 1,988 1,983 (b) Other equity 55,753 46,412 55,406 46,854 Total equity 57,741 48,395 57,394 48,837 Non-current liabilities (a) Financial liabilities (i) B
Slide 18: Corporate Identity
• -------- ' , , .... \ \ \ \ I CORPORATE IDENTITY ••••• • • • • •• • • • • • •• • • • • •••••••• . • • • • .·. ··.•~-~- . . . •••••••••• •••••••••••••••••• .. • • • • • • •• •• •• •• • • • • • •••••••••••••••••• • • • • • •••••••••••••• ••••••••••••••• • • • • •• •• • • • • •• • •• • •• • •• • •• •
Slide 19: About NACL, Mission, Values
About NACL Mission NACL`established itself as an • To be a trusted name in providing high quality Agrochemical player in 1993. The products and solutions to the farming community Company started as an Active Ingredient manufacturer and has • To be a trusted custom & contract manufacturing built a si
Slide 20: Quick Facts
Quick Facts 1,350+ 31 5 Employee Strength Geographical Million Farmers Presence ( Customers ) 4 30 63 Manufacturing Years of Branded Products Units Experience 19 Investor Presentation
Slide 21: Geographical Reach
Geographical Reach Russia Netherland Uzbekistan Japan USA South Korea China Iran Mexico Taiwan UAE Myanmar Haiti Yemen Thailand Vietnam Panama Nigeria Ethiopia Colombia Uganda 31 - Countries Tanzania Indonesia Brazil Sri Lanka Zambia Singapore 1,350+ - Employees Australia 04 - Manufacturing Plants S
Slide 22: Product Portfolio (1/2) – Technicals
Product Portfolio (1/2) Technicals Insecticides Fungicides Herbicides • Profenofos • Myclobutanil • Pretilachlor • Lambda-Cyhalothrin • Propiconazole • Bispyribac Sodium • Imidacloprid • Tricyclazole • Metribuzin • Bifenthrin • Thifluzamide • Clodinafop-Propargyl • Thiamethoxam • Difenoconazole • Qu
Slide 23: Product Portfolio (2/2)
Product Portfolio (2/2) Status Cairo Fenny Nagarjuna 4G Pest Lock Syndicate Cannon Fury Nagarjuna Mida Profex Insecticides Task Gr Dxtar Force Super Nagarjuna Mantle Profex Super Task SC Dxtar FS Hurricane Plus Nagarjuna Spice Pymet Warrior Ennova Monocrown Nagarjuna Trust Quick 50% SP Warrior Plus
Slide 24: Timeline (1/2)
Timeline (1/2) Acquired two Pesticide Formulation Plants at Commencement of Ethakota in East Godavari Chemagro International The 4th Technical District and a Pesticide Monocrotophos The 3rd Technical Limited became Manufacturing block storage warehouse from (MCP) commercial Manufacturing block Nagar
Slide 25: Timeline (2/2)
Timeline (2/2) Registered highest ever turnover of Rs.1640 crores for 3rd consecutive year Registered highest State-of-the-Art Co-marketing partnership turnover of Rs.1015 Received Agri Business Research & with leading Japanese Received the “Best crores Development Center chemical companies for Summ
Slide 26: Board of Directors
Board of Directors Mrs. K Lakshmi Raju Mr. M Pavan Kumar Mr. C. Varada Rajulu Mr. N Vijayaraghavan Mr. Sudhakar Kudva Mr. Raghavender Mateti Chairperson & Managing Director & Executive Director - Independent Director Independent Director Independent Director Non-Executive Director CEO Corporate Affa
Slide 27: Senior Management Team (1/2)
Senior Management Team (1/2) Mr. M Pavan Kumar Mr. C. Varada Rajulu Mr. G. Jagannadha Rao Mr. R.K.S Prasad Managing Director & Executive Director - President – International Executive VP –Finance CEO Corporate Affairs key accounts & CFO Mr. Amit Taparia Mr. Harish Chandra Bijlwan Mr. Satish Kumar Su
Slide 28: Senior Management Team (2/2)
Senior Management Team (2/2) Mr. Seshagiri Rao Mr. Kannan Upadhyaya Mr. Srinivasa Rao Bitra Mr. S. Mani Prasad Vice President- Plant Vice President – Domestic Senior General Manager & Head – Human Operations Retail Sales & Marketing Head - Plant Operations Potential Development (Technical Plant) (Fo
Slide 29: NACL’s Business Model
NACL’s Business Model 63 Branded Products, 47 NACL stock points and Thousands of retail Technical outlets across India manufacturing plants under the Company’s with a combined direct to retail production capacity of approach 23,000 TPA A state-of-the-art Formulation unit with Knowledge Delivery R&D
Slide 30: Business Strategy
BUSINESS STRATEGY Strengthening and enhancing global collaborations Substantial capacity enhancement strategy in Agrochemical, Specialty Chemicals & Continue to invest in Product Registrations, Advanced Intermediaries Process know –how, Brand building Tap new geographies and Farmer Centric product s
Slide 31: NACL – A Unique Investment Case
NACL – A Unique Investment Case RESEARCH & GOVERNANCE DEVELOPMENT & LEADERSHIP Capable R&D team with Accomplished Board Members NJ\GARJUNA state-of-the-art, GLP and seasoned professional CONSISTENT NACL accredited facility, to leadership with decades of GROWTH DISTRIBUTION develop differentiated ind
Slide 32: Certificates
Certificates A J;',\GARJUI'/A, NACL RC certificate GLP certificate DSIR _ _ . . . , o,,. ICC..S.ll/ RN:/1'11~ -------·--- ~ -·---- """'--··--••11 ........ )..-...,.11 ...--1J1&1bn1,,uo~- I -- -"-w:..,o•-'4~•-..-• .. ,....'" ..... . ,..,_,, .... _ l,.._.,._..._., . . ._.,. ........ __ . ........ ....
Slide 33: Awards and Accolades
Awards and Accolades * * * * * * * * * ** ~~:!=!"" ** ** ~-·-" ** ** --iiil * ** ..,..- --=--~ ** --- *** *** *** *** *** *** •••• •••• •••• •••• •••• •••• •••• Greentech Award Suraksha Certificate of Best Management Water Industry Champion ABSA Company of Puraskar Appreciation Award Management Awar
Slide 34: Key External Drivers of the Business
Key External Drivers of the Business Indian Agrochemical Market India is the fourth-largest producer of agrochemicals in the world after USA, Japan and China. The Indian agrochemical market are expected to continue to grow between 5% and 6% through 2030.Government has identified the agrochemical ind
Slide 35: Research & Development
Research & Development R&D labs at Shadnagar and Srikakulam are DSIR Development of new generation, environment recognized. Quality Control labs in the above locations and friendly and safe Formulations Ethakota are NABL accredited. Process development of Active Ingredients and Intermediates R&D lab
Slide 36: Production Capacity
Production Capacity Ethakota Unit 1, AP Ethakota Unit 2, AP PRODUCTION CAPACITY Liquid Formulation 12,000 KL Powder Formulation 5,600 MT Granule Formulation 35,475 MT Technical Grade 17,000 MT (SKLM) Technical Grade 6,000 MT (Dahej) Srikakulam Unit, AP Dahej Unit, GJ 35 Investor Presentation
Slide 37: Capacity Expansion Plans
Capacity Expansion Plans Newly Commissioned Project The Greenfield site at Dahej, Gujarat has successfully commenced commercial production NACL Spec-Chem Limited, from 28th December, 2022, with two production line working at full designed capacity. The Dahej, Gujarat- Phase I other three production
Slide 38: Green Field Project at Dahej (Gujarat) Completed
Green Field Project at Dahej (Gujarat) Completed r 37 Investor Presentation
Slide 39: Sustainability – Environment, Health & Safety
Sustainability – Environment, Health & Safety Manufacturing Plants are certified Integrated Management Systems Strong EHS systems, processes, related to quality, environment, inspection and training who health and safety (ISO) with enhance awareness and ensure adequately green belt cover practices S
Slide 40: Shareholder’s Information
• -------- ' , , .... \ \ \ \ I SHAREHOLDER’S INFORMATION ••••• • • • • •• • • • • • •• • • • • •••••••• . • • • • .·. ··.•~-~- . . . •••••••••• •••••••••••••••••• .. • • • • • • •• •• •• •• • • • • • •••••••••••••••••• • • • • • •••••••••••••• ••••••••••••••• • • • • •• •• • • • • •• • •• • •• • ••
Slide 41: Shareholders Information
Shareholders Information Stock Information (as on 31st March, 2023) (As on 31th March 2023) - ~ Market Capitalization (₹) 1932.74 Cr Shareholding Pattern (%) 0 Shares Outstanding 19,88,41,843 k:: Symbol (BSE) / (NSE) 524709 / NACLIND 69538472 Stock Performance Chart (as of January, 2023) l 50 12,69,
Slide 42: Performance Track Record
• -------- ' , , .... \ \ \ \ I PERFORMANCE TRACK RECORD ••••• • • • • •• • • • • • •• • • • • •••••••• . • • • • .·. ··.•~-~- . . . •••••••••• •••••••••••••••••• .. • • • • • • •• •• •• •• • • • • • •••••••••••••••••• • • • • • •••••••••••••• ••••••••••••••• • • • • •• •• • • • • •• • •• • •• • ••
Slide 43: Historic Quarterly Trend (1/2)
Historic Quarterly Trend (1/2) (₹ in lakhs) Revenue from operations 70,000 EBITDA - 8,000 7,306 - 60,007 :------. I 7,000 I - 56,491 60,000 I - I - I I I I I I I I I 5,846 I I 47,534 48,463 I I 6,000 I I I 50,000 47,287 I I I I I 44,285 I I I I - I I I 39,976 I I 5,000 4,729 I - I I I I 4,277 I 4,25
Slide 44: Historic Quarterly Trend (2/2)
Historic Quarterly Trend (2/2) (₹ in lakhs) PBT PAT 6,000 5,000 - 5,565 4,500 4,000 - 4,165 - - 3,500 4,012 3,001 4,000 3,000 3,409 2,524 2,500 2,921 - 2,796 - 2,102 - 3,000 2,000 1,905 2,041 1,432 2,156 2,136 2,239 2,000 1,500 1,431 - 1,513 1,869 910 1,600 1,547 1,714 1,025 1,000 804 644 1,000 702
Slide 45: Financial Performance (1/2)
Financial Performance (1/2) (₹ in lakhs) Revenue from Operations EBITDA and EBITDA Margin CAGR xx% CAGR xx% l 2,11,600 25,0 00 20,0 00 10.61% 9.49% 12. 00% 15,0 00 10,0 00 9.76% 1,19,137 1,63,335 5,00 0 12,806 15,725 20777 - 6.0 0% FY21 FY22 FY23 FY21 FY22 FY23 EBITDA EBITDA Margin - -0- PBT and PBT
Slide 46: Financial Performance (2/2)
Financial Performance (2/2) A J;',\GARJUI'/A, NACL (₹ in lakhs) Working Capital Days Net Worth 121 82 107 48,395 79 35,053 41,148 57741 FY20 FY21 FY22 FY23 FY20 FY21 FY22 FY23 ROCE and ROE Debt to Equity (x) 25.83% 20.68% 22.01% 0.24 0---- 17.80% 0.21 0.22 0 o== 0 -0 -0 o== 15.71% 12.22% FY21 FY22 F
Slide 47: Thank You
NACL Industries Limited Plot No 12-A, C Block, Lakshmi Towers, 1agnostlcs ft a~ e,:i6 T -~ MART PVT Nagarjuna Hills, Punjagutta, Hyderabad - 500082, Telangana, India • NACL Industries l 1mhed B +91-40 -24405100 Pan1agutta Police Station '-<"'1 info@naclind.com 4', Pragna Hospitals m p 110 Yashoda H